Satyam Computer signs up long-term contract with World Bank

New Delhi:
18 June 2003

New Delhi: Satyam Computer Services (www.satyam.com) has announced the winning of a new long-term contract from the World Bank (www.worldbank.org).

The World Bank is an existing customer of Satyam and the new contract was won against stiff competition from other global IT companies. The World Bank has chosen Satyam as its primary offshore IT services partner for this contract.

Says World Bank director (corporate information services) Rakesh Asthana: "With this contract, our relationship with Satyam has matured from a contractual relationship to a strategic partnership. Over the next five years, we see Satyam as a key contributor to the implementation of the World Bank's IT strategy."

Adds World Bank financial systems and Satyam relationship manager Scott Ligon: "Our relationship has moved to the next level with the introduction of quality processes and a tightly integrated ODC infrastructure. The Chennai World Bank-Satyam Offshore Development Centre is considered at par with our 110 World Bank country offices around the world."

Satyam was preferred for its relationship management, high-quality work and responsiveness to meet a full range of IT service needs. Satyam will deliver solutions like ERP, Java, .NET, Notes/Domino, Document Management and Messaging.

Says Satyam president Ram Mynampati: "This is a very prestigious contract and we are delighted to work with the World Bank. We have done many successful projects for them in the past, which has brought with it a lot of accolades and recognition. This contract is for offshore services with provision for onsite projects. We look forward to a continued and mutually rewarding relationship with the World Bank."